Their CEO has passed on, brilliant guy from reports. How management steers the company after he is gone is up for debate. I think that's why the share price took a hit. No reason for it to tumble from $3 to $2.4 ish. Earnings are still solid, yen devaluation can only help their J-REIT.

Beneficiary of strong consumption growth
Leasing momentum of warehouse space in Japan at record pace.
GLP has 12.9m sm GFA of land reserves, and targets to achieve 3.3m sm full-year development starts.
Development in Japan has already exceeded its 0.45m sm target for FY14.

Monetisation is long term positive
Monetisation of assets in Japan should support earnings and share price performance in the medium term

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